TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

63.76
-2.46 (3.71%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1398 watching
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) presents a mixed outlook among experts, with many praising its robust management and long-life assets. The company benefits from its low breakeven point and solid free cash flow generation. However, concerns about the price of oil and geopolitical influences weigh on sentiment, leading to recommendations to consider trimming positions after a notable run-up. While analysts highlight the strong dividend record and favorable fundamentals, there is caution as the energy sector faces pressures from potential oversupply and regulatory challenges. Overall, CNQ is viewed as a solid long-term hold with strong recovery potential in favorable market conditions.

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Consensus
Hold
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Valuation
Fair Value
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TOP PICK
A lot of the senior oil companies in Canada have been crushed. Trading around 4X next year's cash flow. The Horizon oil sands play, which has been a big cap X drag, is just about done. This will add a lot of cash flow.
COMMENT
Great trading fundamentals and great quality characteristics. Market direction can still impact you. You could buy this, but he would Short something else like Niko (NKO-T) as a pairs trade.
DON'T BUY
Below its 50-day moving average of about $55 and the 200-day moving average of $76. Has to make a base.
DON'T BUY
Oil prices have continued to move lower and he would stay on the sidelines.
BUY
(Market Call Minute.) Energy prices will rebound. This one is at a ridiculous valuation.
BUY
Lots of reserve life. For energy plays, he prefers royalty trusts so that he can get a big income stream and sit on yield. If you are positive on energy prices going forward, this is very reasonable right now.
TOP PICK
Change in the Alberta royalty fees significantly benefits this company. Have debt because they just built their oil sands. It will be a low cost producer so they will be on top of their debt very quickly.
TOP PICK
A leading Canadian oil/gas producers. International footprint. Relatively low operating costs. Just released Q3 results and it is in good shape to produce from its oil sands in 09.
COMMENT
Likes this company. About a third light oil, a third natural gas and a third heavy oil. Getting a huge cash flow increase with the Horizon project. Scaling this project down because of increasing costs and declining crude prices.
DON'T BUY
Not a bad investment but his view is to stay away from low yield stocks. There is still some uncertainty about oils.
HOLD
(Market Call Minute.) Doesn't have the profit characteristics that he wants but will behave like the other oil stocks in that area.
BUY
This is a huge call and leverage on oil. Has tremendous torque to the oil sands with its Horizon project, which is basically done right now. Also has conventional business. If you believe that oil goes higher from here, buy this name in spades.
TOP PICK
(A Top Pick Oct 30/07. Down 22%.) Good liquid stock with strong assets. Horizon project will be coming on by the end of this year. NAV at about $65 should have a premium given the quality of the assets. Looking beyond 18 months or 2 years it should be a core position. Good 10% to 15% upside when the markets start to revalue stocks on a more normalized commodity price.
COMMENT
When the bull market was on, oil/gas stocks were going up and up. This did better than others. Believes that oil will reach $200 in the long term. Very good company.
TOP PICK
Horizons project starting this quarter. Price to cash flow ratio is less than 2 and should be at least 3. Hold for 3 years.
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